New Issue: Barclays sells $500,000 buffered dual directional notes on S&P, Russell

By Kiku Steinfeld

Chicago, May 27 – Barclays Bank plc priced $500,000 of 0% buffered dual directional notes due May 2, 2024 linked to the least performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus any gain in the lesser performing index, capped at 12.5%.

If the lesser performing index falls by up to 20%, the payout will be par plus the absolute value of the return of that index.

Investors will lose 1% for every 1% decline of the lesser performing index beyond 20%.

Barclays is the agent.

Issuer:	Barclays Bank plc
Issue:	Buffered dual directional notes
Underlying indexes:	Russell 2000 index, S&P 500 index
Amount:	$500,000
Maturity:	May 2, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any gain in lesser performing index, capped at 12.5%; if lesser performing index falls by up to 20% par plus the absolute value of return of that index; exposure to losses of lesser performing index beyond 20%
Initial levels:	4,605.38 for S&P, 2,297.19 for Russell
Buffer values:	3,684.30 for S&P, 1,837.75 for Russell; 80% of initial levels
Pricing date:	Oct. 29, 2021
Settlement date:	Nov. 3, 2021
Agent:	Barclays
Fees:	2.25%
Cusip:	06748WQ97

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